voting trust


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Related to voting trust: proxy, Voting trust certificate
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  • noun

Words related to voting trust

an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees

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References in periodicals archive ?
Having formerly served as Chairmen of the Surface Transportation Board (STB), we have unique insights regarding how the STB would review the proposed CP+NS merger and any related voting trust mechanism.
At one end of the spectrum, the proxy agreement and voting trust prohibit the exertion of any direct control or influence by the foreign shareholder, yet these arrangements impose no access limitations on the subsidiary's clearance.
Having formerly served as Chairmen of the Surface Transportation Board ("STB"), we have unique insights regarding how the STB would review the proposed CP+NS merger and any related voting trust mechanism.
A voting trust is used when a business's founder has died and no successor has been named.
There is no certainty that the STB would approve a voting trust - the voting trust structure proposed by Canadian Pacific is unprecedented and likely would not be approved
As previously announced, the trustees of the National Information Consortium Voting Trust dissolved the trust as of June 20, 2008.
The court further held that Tim Newkirk, the Company's CEO and one of three trustees of the Cray Family Trust, lacked standing to challenge the capacity, qualifications or decisions of the trustees of the Voting Trust or the validity of the Second Amendment to the Voting Trust.
NASDAQ: EGOV) today announced the trustees of the National Information Consortium Voting Trust have informed the company that they have dissolved the trust as of June 20, 2008.
Voting Trust (the "Cray Family Voting Trust") and replaced with two members of current management of the Company and one unspecified member of the Cray family owning of record 10,000 or more shares of Common Stock of the Company.
The provision also applies to the indirect retention of voting rights gained through a voting trust or otherwise.
8% of the outstanding shares of Brazauro and are subject to the terms of a Voting Trust and Placement Rights Agreement under which Brazauro will have the right to direct the voting of the shares for a limited period of time, except in certain conditions, and the right to find purchasers for the shares if BrazMin wishes to sell.
The Trust Agreement and the Shareholders' and Voting Trust Agreement between the holders of multiple voting shares will terminate with respect to Mr.
In Letter Ruling 9349009,(7) three trusts wanted to make substantial distributions of voting trust certificates and nonvoting common stock for estate planning purposes.
Mead has agreed to sell two million shares beneficially owned by him as trustee under a voting trust agreement dated November 1, 1999.
The voting trust is required by US law so that CP does not exercise control over DM&E prior to approval of the transaction by the STB.